<<  >> (p.5)
    Author Topic: [ANN][MRO] Monero - an anonymous coin based on CryptoNote technology  (Read 23594 times)
    thankful_for_today
    Full Member
    ***
    Offline Offline

    Activity: 126
    Merit: 101


    View Profile
    April 24, 2014, 10:33:31 AM
     #81

    This way I don't see any disadvantage in merged mining. What disadvantages do you see in MM?

    Merged mining essentially forces people to merge both coins because that is the only economically rational decision.

    I do not want to support the ninja-premined coin with our hash rate.

    Merged mining makes perfect sense for a coin with a very low hash rate, otherwise unable to secure itself effectively. That is the case with coins that merge mine with bitcoin. This coin already has 60% of the hash rate of bytecoin, and has no need to attach itself to another coin and encourage sharing of hash rate between the two. It stands well on its own and will likely eclipse bytecoin very soon.

    I want people to make a clear choice between the fair launched coin and the ninja-premine that was already 80% mined before it was made public. Given such a choice I believe most will just choose this coin.  Letting them choose both allows bytecoin to free ride on what we are doing here. Let the ninja-preminers go their own way.


    Everything is ok except the first argument: MM FORCES a MERGE of coins. It doesn't force and no merge will happen. You can continue to mine only one coin if you want. Any "parent" chain isn't required if you don't want to have it on your pc.

    - In case we introduce a MM it still will be only an option but not a requirement.
    - In case we introduce a MM each miner will decide himself which "parent" chain to use with MM: BCN or some other chain.

    Actually this is more technical and less political issue. Looks like I need to explain this more.

    Vote for BitMonero on Comkort exchange: https://comkort.com/vote
    BTC: 1F1Ryrc2gvJQsVNTS5xvCxKugMjvbFRzX4
Page 4
Viewing Page: 5